While Toys R Us has disappeared from the United States it is going strong in Asia which plans to open 60 new stores throughout the region this year According to the South China Morning Post the company backed by Fung Retailing Group will open most of the newest locations in China and is also considering Indonesia Vietnam and Cambodia It currently operates more than 550 stores in the region We are cautiously optimistic said Jo Hall Toys R Us chief commercial officer for Greater China and Southeast Asia We continue to invest in refurbishing existing and opening new stores and our investment budget in Hong Kong for stores information technology and online commerce this year is the same as last year As it thrives in Asia CEO David Brandon said earlier this year that Toys R Us may liquidate its operations in France Spain Poland and Australia In addition the company was looking for a buyer for its Canadian business This follows Toys R Us shuttering all of its US locations last June after failing to restructure its debt or find a buyer The following month the company came to a settlement agreement with some creditors including vendors to resolve its disputes related to bankruptcy proceedings The settlement includes a pot of funds for claims including a baseline recovery of 180 million for participating creditors and shared recovery after some secured lenders have received at least 50 percent of the 1 billion theyre owed But in October it was reported that lenders were interested in reorganizing the companys assets into a new firm allowing it to invest in new retail operating businesses and maintain license agreements The company did generate operating profits and without debt its profitability would be easier to maintain Seth R Freeman senior managing director at GlassRatner Advisory Capital Group said at the time LATEST INSIGHTS Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation thats reshaping the payments and commerce ecosystem Check out the latest PYMNTS report on PSD2